Catena Media resolves upon a directed new issue of shares as payment for assets acquired in July 2018

The board of directors of Catena Media plc (“Catena Media” or the “Company”) has, under the authorization in the articles of association of the Company and in accordance with a press release on 25 July 2018, resolved upon a directed new issue of 188,751 shares at a subscription price of SEK 94.3624 per share, as payment of part of the upfront purchase price for acquired assets in LeapRate.com

On 25 July 2018, the Company announced that it had acquired assets in LeapRate.com. As communicated in the previous press release the total amount of the up-front purchase price amounts to USD 4.0 million of which USD 2.0 million was paid in the third quarter in cash and the remaining part to be paid in the form of newly issued shares in Catena Media. The upfront purchase price, payable in shares has now been resolved to be issued, following the terms of the agreement.

In light of the foregoing, the board of directors of the Company has, under the authorization in the articles of association of the Company, resolved upon a directed share issue of 188,751 shares to the seller of the assets.  

The subscription price amounts to SEK 94.3624 per share, corresponding to the volume-weighted average price for Catena Media’s share on Nasdaq Stockholm during a period of 30 trading days up to and including 28 September 2018.  

Through the share issue, the number of ordinary shares in Catena Media increases by 188,751 shares from 55,836,846 shares to 56,025,597 shares and the share capital increases by EUR 283 from EUR 83,755 to EUR 84,038.

For further information, please contact:   

Per Hellberg, CEO, Catena Media plc
Phone: +46 709 10 74 10, e-mail: per.hellberg@catenamedia.com

Åsa Hillsten, Head of IR & Communications, Catena Media plc 
Phone: +46 700 81 81 17, E-mail: asa.hillsten@catenamedia.com

The information was submitted for publication, through the agency of the contact persons set out above, on 8 November 2018 at 16.00 CET.

About Catena Media

Catena Media provides companies with high quality online lead generation. Through strong organic growth and strategic acquisitions, Catena Media has since 2012 established a leading market position with approximately 350 employees in the US, Australia, Japan, Serbia, UK, Sweden, Italy and Malta (HQ). Total sales in 2017 reached EUR 67.6 million. The company is listed on Nasdaq Stockholm Mid Cap.

Further information is available at www.catenamedia.com

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